Saturday, October 9, 2010

New Listing in Laguna Niguel

Great Opportunity!! Single family home in Laguna Niguel 3 bedrooms and 3 baths.  1 Bedroom downstairs with closet and bathroom.  On a cul-de-sac street in the middle of the tract.  Close to schools and parks.
Seller asking $500,000 and it's NOT a shortsale....wooohhoooo!!  Give me a call to see it.

Thursday, October 7, 2010

OMG! Rates as low as 2.5%!!!

Right now you can get a 5 year fixed rate of 2.5%! and a 30 yr. fixed at 4.12% conventional loan.  And FHA is only 3.5% down payment!

These rates will probably never be repeated for years to come! So if you've been sitting on the fence waiting to see what is going to happen to the real estate market, don't get caught on the up swing!!

Call your lender today and get pre-qualified.  You can buy much more property today than even 3 months ago.  Once the banks decide to raise the rates it can effect your price range by as much as $50k-$100,000 in purchasing power by merely raising the rates 1%. 

So don't be kicking yourself saying, "shoulda', woulda', coulda......'

Thursday, April 8, 2010

REO Ghost Inventory

You heard about the ghost inventory that the banks are holding onto?
Well they are still phantoms! No glut of REO's for 2009, and we're still waiting in 2010.
There are still plenty of shortsales which are finally closing just a tad faster. So keep trying.

In Orange County, we are seeing more Standard Sales, non-distressed homeowners, coming
on the market. Slightly higher than the average sales price, but negotiable and quick response times! Most sellers coming to grips with today's prices and swallowing their pride and being more flexible. Thank you Sellers!

Buyers also have learned a hard lesson. Even though we are in a buyer's market, you cannot lowball offers. You must step up to the plate and at least be at market value, or you will find yourself outbid everytime. This may have cost you the $18,000 tax credit you could be receiving had you made realistic offers. Just keepin' it real!!

Friday, March 26, 2010

Buyer Tax Credit Extended!!

The Home Buyer Tax Credit has been extended and increased to $10,000 spread over
a 3 year tax period. Home prices are at an all time low coupled with the lowest interest rates in decades, makes for the perfect time to buy. Call me for a free customized homesearch of the MLS.